What Entries Should Be Made in the Extended Trial Balance

question 15

Multiple Choice

What entries should be made in the extended trial balance in respect of a prepayment of rates?

• A) Debit the income statement and credit the asset account
• B) Debit the income statement and credit the current liabilities
• C) Credit the income statement and debit the asset account
• D) Credit the income statement and debit the current liabilities

---

Definitions:

Silent Treatment

A form of non-verbal communication where one refuses to engage in verbal interaction, often as a means of expressing displeasure or punishment.

Conflict Narratives

The stories or accounts people create and share to make sense of and communicate their experience of conflict.

Danger

The possibility of harm or adverse consequences, often requiring caution or preventive measures to ensure safety.

Metaphors

Linguistic expressions where a term or phrase is applied to an object or action to which it is not literally applicable, often used to make a comparison.